20 August 2021
Research Reports
Norway
Steen & Strom Annual Report 2020

The positive development in the rental income of Steen & Strøm‘s shopping center portfolio was disrupted in 2020 by the ongoing Covid‐19 pandemic, causing a negative impact on the overall financial performance of Steen & Strøm. Nevertheless, Steen & Strøm has managed to mitigate the financial impacts to some extent and thus maintain a solid financial position during 2020. Consequently, Steen & Strom's credit rating (A‐ rating from Standard & Poor’s) is unchanged from previous years, however adjusted to “negative outlook” due to current uncertainties.

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